Somewhat Positive News Coverage Very Likely to Impact Numerex Corp. (NMRX) Share Price
Headlines about Numerex Corp. (NASDAQ:NMRX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Numerex Corp. earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 84 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the next several days.
Shares of Numerex Corp. (NASDAQ NMRX) traded up 4.49% during mid-day trading on Thursday, reaching $4.42. The company’s stock had a trading volume of 80,023 shares. Numerex Corp. has a 12 month low of $3.86 and a 12 month high of $9.01. The firm’s market cap is $86.36 million. The company’s 50-day moving average is $4.64 and its 200 day moving average is $5.00.
Numerex Corp. (NASDAQ:NMRX) last released its earnings results on Tuesday, May 9th. The communications equipment provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.09. The company had revenue of $16.39 million during the quarter, compared to analyst estimates of $16.20 million. Numerex Corp. had a negative return on equity of 21.38% and a negative net margin of 37.72%. On average, equities analysts anticipate that Numerex Corp. will post ($0.38) EPS for the current year.
Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Numerex Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. B. Riley reiterated a “buy” rating and set a $5.50 price target on shares of Numerex Corp. in a report on Monday, June 5th.
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Numerex Corp. Company Profile
Numerex Corp. is a holding company. The Company, through its subsidiaries, provides managed enterprise solutions, which enable the Internet of Things (IoT). The Company offers solutions to incorporate the IoT building blocks, such as device, network, application and platform. Its technology encompasses a range of the IoT ecosystem and delivers solutions for enterprise users.
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